Russia Eyes Blockchain Potential for National Payment System


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Russia’s Association of Financial Innovation (AFI) has penned a roadmap for improving the regulation of the National Payment System including using Blockchain, has reported.

The Federal Assembly of Russia State Duma, the Ministry of Finance and the Federal Financial Monitoring Service will now review the AFI proposal, which has been created to help the Russian National Payments Council (NPC) with regulatory issues. 

The NPC is a multipurpose cross-branch venue for discussion of approaches and determining a consolidated opinion of Russian national payments system participants.
NPC objective is to consolidate national payment system participants’ efforts to provide its stability and increase efficiency of institutional and infrastructural components, consolidate market participants’ opinions on issues of development, accumulate and promote best practices, promote cutting-edge technologies implementation across Russian payment market.
NPC founders are: Sberbank of  Russia (OJSC), VTB Bank (JSC), Alfa-Bank (OJSC), Promsvyazbank (OJSC), VimpelCom (OJSC), Unistream Commercial Bank (JSC), Deutsche Bank, Golden Crown (money transfer).

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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